SAVE - Earnings announcements

Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported second quarter 2024 financial results. Second Quarter 2024  Financial Results (unaudited) As Reported Adjusted1 Total operating revenues $1,280.9 million $1,280.9 million Operating income (loss) $(152.5) million $(166.9) million Operating margin (11.9) % (13.0) % Net income (loss) $(192.9) million $(157.9) million Diluted earnings (loss) per share $(1.76) $(1.44) "Summer demand remains robust

Strategic and tactical changes benefiting unit revenue  Expect cost saving initiatives to benefit 2024 by over $75 million; annualized run-rate savings estimated at over $100 million DANIA BEACH, Fla., May 6, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported first quarter 2024 financial results. First Quarter 2024 Financial Results Quarterly results were in line with expectations despite a 230 basis point1 headwind from deferred recognition in earnings of a significant portion of the credits from Pratt & Whitney related to aircra

MIRAMAR, Fla., Feb. 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported fourth quarter and full year 2023 financial results. Fourth Quarter 2023(unaudited) As Reported Adjusted1 Total operating revenues $1,321.8 million $1,321.8 million Operating income (loss) $(214.8) million $(163.3) million Operating margin (16.3) % (12.4) % Net income (loss) $(183.7) million $(148.7) million Diluted earnings (loss) per share $(1.68) $(1.36) "As we enter 2024, we are beginning to see benefits from the tactical and strategic changes we impleme

MIRAMAR, Fla., Aug. 3, 2023 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported second quarter 2023 financial results.      Second Quarter 2023 (unaudited) As Reported Adjusted1 Total operating revenues $1,432.5 million $1,432.5 million Operating income (loss) $20.2 Million $47.0 Million Operating margin 1.4 % 3.3 % Net income (loss) $(2.3) million $32.3 million Diluted earnings (loss) per share $(0.02) $0.29 "Unit revenue for the second quarter 2023 was strong and well above pre-Covid historical averages," said Ted Christie, Spirit's P

MIRAMAR, Fla., April 26, 2023 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported first quarter 2023 financial results. First Quarter 2023 (unaudited) As Reported Adjusted1 Total operating revenues $1,349.8 million $1,349.8 million Operating income (loss) $(112.4) Million $(91.3) Million Operating margin (8.3) % (6.8) % Net income (loss) $(103.9) million $(89.4) million Diluted earnings (loss) per share $(0.95) $(0.82) "For the first quarter 2023, our adjusted operating margin came in better than expected, helped by lower fuel and a str

MIRAMAR, Fla., Feb. 6, 2023 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported fourth quarter and full year 2022 financial results. "I want to thank the entire Spirit Team for their contributions in overcoming the many challenges we faced during 2022. Thanks to their dedication and relentless pursuit to implement more efficient and effective strategies, we made excellent progress on the steps necessary to return Spirit to sustained profitability," said Ted Christie, Spirit's President and Chief Executive Officer. Fourth Quarter 2022 (u

MIRAMAR, Fla., Oct. 26, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported third quarter 2022 financial results. Ended the third quarter 2022 with $1.3 billion of unrestricted cash, cash equivalents, short-term investment securities and liquidity available under the Company's revolving credit facility. As Reported (unaudited) Third Quarter 2022 Third Quarter 2021 Third  Quarter 2019 Total operating revenues $1,343.2 million $922.6 million $992.0 million Pre-tax income (loss) $(48.9) million $(17.0) million $109.0 million Pre-tax m

MIRAMAR, Fla., Aug. 9, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported second quarter 2022 financial results. Ended the second quarter 2022 with $1.5 billion of unrestricted cash, cash equivalents, short-term investment securities and liquidity available under the Company's revolving credit facility.   As Reported (unaudited) Second Quarter 2022 Second Quarter 2021 Second Quarter 2019 Total operating revenues $1,366.6 million $859.3 million $1,013.0 million Pre-tax income (loss) $(67.5) million $(273.3) million $148.6 million P

Analyst Call Scheduled for Today at 4:30 p.m. ET Board Continues to Recommend that Stockholders Vote FOR the Merger with Frontier MIRAMAR, Fla., May 23, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today announced that it will host a conference call for analysts to discuss the Spirit Board of Directors' decision to reject the unsolicited tender offer from JetBlue Airways Corporation ("JetBlue") (NASDAQ:JBLU) and its recommendation that stockholders vote FOR the merger with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ:ULCC), parent company of Frontier Airlines, Inc.

MIRAMAR, Fla., May 4, 2022 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE:SAVE) today reported first quarter 2022 financial results. Ended the first quarter 2022 with $1.6 billion of unrestricted cash, cash equivalents, short-term investment securities and liquidity available under the Company's revolving credit facility. As Reported (unaudited) First Quarter 2022 First Quarter 2021 First Quarter 2019 Total operating revenues $967.3 million $461.3 million $855.8 million Pre-tax income (loss) $(244.0) million $(138.2) million $72.1 million Net income (loss) $(194.7) million $(112.

All-Cash Offer of $33 Per Share Represents a 52% Premium to Spirit's Undisturbed Share Price on February 4, 2022, and a 50% Premium to Spirit's Closing Price on April 4, 2022 Travelers Shouldn't Have to Choose Between a Low Fare and a Great Experience; Accelerated JetBlue Growth Would Allow Combined Airline to Offer Both to More Customers in More Places ‘JetBlue Effect' Is More Effective Than Ultra-Low-Cost Carriers in Introducing Competition and Bringing Down Legacy Carrier Fares Combination Would Provide Job Growth and Opportunities for Crewmembers, a Strengthened Commitment to New York and Florida, and Expanded Reach of JetBlue's Sustainability Efforts Shareholders Would Benefit From

Highly Complementary Networks to Serve Over 145 Destinations Across the United States, Latin America and the Caribbean Consumers Win With $1 Billion in Annual Savings and Even More Ultra-Low Fares to More Places Combined Airline to Drive Competition and Expand Service to Underserved Small and Mid-Sized Cities Across the United States Combined Fleet Will Be the Youngest, Most Fuel-Efficient and Greenest in the United States Combination Provides Better Opportunities and More Stability for 15,000 Professionals, Adding 10,000 Direct Jobs by 2026 Conference Call to Discuss Transaction Today at 6:30 AM MT / 8:30 AM ET DENVER, Colo. and MIRAMAR, Fla., Feb. 07, 2022

MIRAMAR, Fla., Oct. 27, 2021 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE:SAVE) today reported third quarter 2021 financial results. Ended the third quarter 2021 with $1.9 billion of unrestricted cash, cash equivalents, short-term investment securities and liquidity available under the Company's revolving credit facility As Reported Third Quarter 2021 Third Quarter 2020 Third Quarter 2019 Total Operating Revenues $922.6 million $401.9 million $992.0 million Pre-tax Income (Loss) $(17.0) million $(128.5) million $109.0 million Net Income (Loss) $14.8 million $(99.1) million $83

MIRAMAR, Fla., July 28, 2021 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE:SAVE) today reported second quarter 2021 financial results. Ended the second quarter 2021 with $2.2 billion of unrestricted cash, cash equivalents, short-term investment securities and liquidity available under the Company's revolving credit facility As Reported Second Quarter 2021     Second Quarter 2020 Second Quarter 2019 Total Operating Revenues $859.3 million $138.5 million $1,013.0 million Pre-tax Income (Loss) $(273.3) million $(212.5) million $148.6 Million Net Income (Loss) $(287.9) million $(1